China's meat imports, down 12.6% in November
China imported almost 350,000 tonnes of pork last month, from a total of 677,000 tonnes of meat and meat products. The volume is 12,6% lower than the one reported in November 2020 and just a little bit higher compared with the previous month (664,000 tonnes), data from the General Administration of Customs show. Pork is still the most required meat in the Chinese market, although prices are down compared with the levels reached at the end of 2020. Since October a slight increase in pork prices was seen but a large liquidation process of the herds is ongoing.
Currently, pig meat prices in the wholesale market have reached 23 yuan ($3.61) per kilo, which represents only half of the value reached in January this year. Meat imports have declined abruptly since June and while the cold season may lead to an increase in meat consumption, imports are expected to remain depressed compared with the levels reported for 2019 and 2020, when the giant Asian market was confronted with a huge deficit in animal protein due to the ASF crisis. Shipments in the first 11 months of 2021 were 8.72 million tonnes, down 2.5% from last year, the data showed.
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